*regulations are designed to protect local carrier revenues*
Local carriers need to adapt to new conditions. The Internet is not going away, even if its future is somewhat uncertain due to privacy concerns and indiscriminate data hoovering.
It will take the time it has to, but any local carrier that wants to survive will have to get on the ball. Any regulation removing the need to do that is simply a temporary stopgap measure.
Biting the hand that feeds IT
